However, the other thing to note as well is that the BOJ is now set to unload its ETF holdings. That being said, do keep in mind that there's a bit of a caveat to how the central bank is set to sell its ETF holdings. For some context, the BOJ holds about ¥37 trillion in ETFs. And the decision today notes that they are to sell around ¥330 billion of ETFs annually. Yes, you read that right.
Nonetheless, it's still enough to provoke a reaction in domestic assets. Japanese stocks are selling off and that's also feeding in part to further yen strength, besides the monetary policy discourse above.
In the bigger picture though, USD/JPY still isn't really going anywhere over the past few weeks.
The pair is still caught rangebound in between its 100 (red line) and 200-day (blue line) moving averages and there needs to be a firm break on either side for the next trending leg to be apparent.
This article was written by Justin Low at investinglive.com.Hence then, the article about usd jpy drops on boj decision as takata and tamura dissents was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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